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Logan Property Holdings Co (HKSE:03380) Accounts Receivable : HK$1,489 Mil (As of Dec. 2023)


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What is Logan Property Holdings Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Logan Property Holdings Co's accounts receivables for the quarter that ended in Dec. 2023 was HK$1,489 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Logan Property Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Logan Property Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-25.35.


Logan Property Holdings Co Accounts Receivable Historical Data

The historical data trend for Logan Property Holdings Co's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Logan Property Holdings Co Accounts Receivable Chart

Logan Property Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 603.80 46,462.76 69,147.24 50,231.88 1,489.38

Logan Property Holdings Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69,147.24 57,756.93 50,231.88 34,434.48 1,489.38

Logan Property Holdings Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Logan Property Holdings Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Logan Property Holdings Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1489.381/36431.309*91
=7.46

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Logan Property Holdings Co's accounts receivable are only considered to be worth 75% of book value:

Logan Property Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(14406.759+0.75 * 1489.381+0.5 * 163963.115-235871.94
-0-5742.848)/5685.41
=-25.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Logan Property Holdings Co Accounts Receivable Related Terms

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Logan Property Holdings Co (HKSE:03380) Business Description

Traded in Other Exchanges
Address
Xinghua Road South, Room 2002, Tower B, Logan Century Center, Bao'An District, Shenzen, CHN
Logan Property Holdings is a general real estate investment company. The company operates multiple segments, including property development, Property operation, Development Management, and Urban redevelopment along with Property operation segment The vast majority of revenue is generated by its property development segment, followed by development management. The development business is focused on the development of residential properties and retail shops, while its management operations are focused on office properties and residential buildings. Logan generates all of its revenue in Mainland China.
Executives
Kei Perenna Hoi Ting 2201 Interest of corporation controlled by you
Junxi Investments Limited 2101 Beneficial owner
Kei Family United Limited 2201 Interest of corporation controlled by you
Credit Suisse Trust Limited 2301 Trustee
Dragon Jubilee Investments Limited 2101 Beneficial owner
Kei Hoi Pang 2501 Other

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